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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (58465)	4/30/2019 9:52:27 AM
From: Goose94	Read Replies (2) \| Respond to of 203329

Aecon Group (ARE-T) Canaccord Genuity analyst Yuri Lynk says Aecon Group "execution and growth continue to impress." Mr. Lynk continues to rate the shares "buy." Mr. Lynk elevated his share target to $26 from $25. Analysts on average target the shares at $23.32. Mr. Lynk says in a note: "With its construction business trading at 4.8 times 2019 estimated earnings before interest, taxes, depreciation and amortization versus the group at 5.8 times, we see an opportunity for Aecon to more than close this gap. After all, Aecon boasts the best organic backlog growth amongst its North American peers, which translated into exciting FCF per share growth (trailing 12 month, excluding working capital) of 51 per cent year-over-year in Q1/2019. Additionally, Aecon sports $293-million of net cash on its balance sheet (pro forma future installments due on the contract mining asset sale) and a growing concession portfolio, the value of which we continue to contend is underappreciated by investors."